Installations are set to jump, led by Europe, the Middle East, Africa and Latin America.

Viva Energy Group Ltd. shares fell after the company said its Geelong refinery in Australia will boost diesel, jet fuel and gasoline production to about 90% of capacity over the next few weeks after a major fire forced it to cut output.

Falling costs, rising electricity demand and the Iran War are nurturing a boom in energy storage.

Chinese-controlled Yancoal Australia Ltd. agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland from a venture between EMR Capital Advisors Pty and Adaro Capital Ltd. for as much as $2.4 billion.

Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.

Japan’s Inpex Corp. will make two additional cargoes of natural gas condensate — used to produce refined fuels such as gasoline — from its Australian liquefied natural gas export project available to domestic refiners, as the country grapples with fuel shortages.

Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains.

Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.

Australia is seeking to leverage its vast liquefied natural gas exports to Asia to secure fuel supplies in return, as the country grapples with shortages triggered by the war in Iran.

Australia, among the world’s top liquefied natural gas exporters, will hold an inquiry to examine taxes on oil and gas firms like Chevron Corp., Woodside Energy Group Ltd. and Santos Ltd., as the Iran war pushes up energy prices, creating a windfall for producers.

A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar.

Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar.

Better batteries and more investment into the main electricity grid have helped delay a predicted natural gas shortage in Australia by a year.

Severe Tropical Cyclone Narelle strengthened and is threatening to disrupt gas and iron ore operations on Australia’s west coast, after leaving mine closures and evacuations in its wake along the north shore over the past week.

Hundreds of service stations across Australia have reported fuel shortfalls, as the war in the Middle East disrupts global supplies.

As the war in the Middle East enters its third week, Australia — with little domestic refining capacity left — underscores how even major fossil fuel exporters aren’t immune to a widening energy crunch.

The Australian arm of London-based investment manager Foresight Group Holdings Ltd. will acquire New Zealand renewables developer NZ Clean Energy, with plans to invest A$500 million ($360 million) over the next twelve months.

Shares in Australian liquefied natural gas exporters surged after tankers stopped crossing the Strait of Hormuz, hampering about a fifth of global supply and threatening to raise prices of the fuel.

European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs Group Inc.

Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.